Can I retire at age 72 with 770,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$63,586$63,019$62,467$61,928$61,401$61,116
2 years$31,478$30,892$30,324$29,773$29,239$28,951
3 years$20,777$20,188$19,621$19,076$18,550$18,269
4 years$15,427$14,840$14,279$13,743$13,230$12,958
5 years$12,219$11,635$11,081$10,556$10,057$9,794
6 years$10,080$9,501$8,955$8,442$7,958$7,704
7 years$8,553$7,979$7,442$6,940$6,472$6,228
8 years$7,408$6,839$6,311$5,822$5,369$5,135
9 years$6,519$5,955$5,436$4,959$4,522$4,297
10 years$5,807$5,249$4,739$4,275$3,853$3,637
11 years$5,225$4,673$4,172$3,720$3,313$3,107
12 years$4,741$4,194$3,703$3,263$2,871$2,675
13 years$4,331$3,790$3,308$2,881$2,504$2,316
14 years$3,981$3,445$2,972$2,557$2,195$2,016
15 years$3,677$3,147$2,684$2,281$1,933$1,762
16 years$3,411$2,888$2,433$2,042$1,708$1,546
17 years$3,177$2,659$2,214$1,835$1,514$1,361
18 years$2,970$2,457$2,021$1,654$1,347$1,201
19 years$2,784$2,277$1,850$1,494$1,200$1,062
20 years$2,617$2,116$1,698$1,353$1,072$941
21 years$2,466$1,971$1,562$1,228$959$835
22 years$2,329$1,840$1,440$1,117$860$743
23 years$2,204$1,721$1,329$1,017$772$661
24 years$2,090$1,612$1,229$928$694$590
25 years$1,985$1,513$1,139$847$624$526
26 years$1,888$1,422$1,056$775$562$470
27 years$1,799$1,338$981$709$507$420
28 years$1,716$1,261$912$650$457$376
29 years$1,639$1,190$848$596$413$336
30 years$1,567$1,124$790$547$373$301
31 years$1,500$1,062$737$502$337$270
32 years$1,438$1,005$687$461$305$242
33 years$1,379$952$642$424$276$217
34 years$1,324$902$600$390$250$195
35 years$1,272$856$561$359$227$175
36 years$1,223$812$524$331$205$157
37 years$1,177$771$491$305$186$141
38 years$1,133$733$460$281$169$127
39 years$1,092$697$431$259$153$114
40 years$1,053$663$404$239$139$102
41 years$1,016$631$378$221$126$92
42 years$980$601$355$204$114$83
43 years$947$573$333$188$104$74
44 years$915$546$313$173$94$67
45 years$884$521$294$160$85$60
46 years$855$497$276$148$78$54
47 years$828$474$259$137$70$49
48 years$801$453$243$126$64$44
49 years$776$432$229$117$58$39
50 years$752$413$215$108$53$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $770,000, adding $4,496 every year, while hoping to spend $22,842 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/49/6 Blend
71$770,000$770,000$770,000$770,000
72$853,178$812,368$800,433$889,957
73$915,898$827,870$802,943$931,266
74$984,250$843,366$804,773$973,295
75$1,058,785$858,832$805,874$1,018,332
76$1,140,107$874,242$806,197$1,066,659
77$1,228,885$889,566$805,691$1,118,589
78$1,325,851$904,774$804,301$1,174,468
79$1,431,813$919,833$801,971$1,234,675
80$1,547,661$934,709$798,640$1,299,630
81$1,674,375$949,362$794,247$1,369,795
82$1,813,032$963,752$788,725$1,445,680
83$1,964,821$977,834$782,007$1,527,847
84$2,131,047$991,563$774,019$1,616,915
85$2,313,153$1,004,888$764,687$1,713,569
86$2,512,722$1,017,755$753,931$1,818,562
87$2,731,501$1,030,107$741,670$1,932,726
88$2,971,414$1,041,883$727,816$2,056,978
89$3,234,579$1,053,016$712,279$2,192,328
90$3,523,330$1,063,437$694,963$2,339,893
91$3,840,236$1,073,072$675,771$2,500,902
92$4,188,129$1,081,841$654,598$2,676,713
93$4,570,126$1,089,659$631,335$2,868,821
94$4,989,664$1,096,438$605,870$3,078,877
95$5,450,526$1,102,080$578,083$3,308,701
96$5,956,882$1,106,484$547,851$3,560,301
97$6,513,324$1,109,541$515,044$3,835,890
98$7,124,911$1,111,136$479,526$4,137,909
99$7,797,217$1,111,148$441,155$4,469,052
100$8,536,384$1,109,445$399,785$4,832,288